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$COST's gross margin for 1Q16 rose by 26 basis points to 11.29% from 11.03% in 1Q15. Most of the improvement was derived from impact of gasoline price deflation on net sales. Excluding this impact, gross margin as a percentage of adjusted net sales slid 6 basis points to 10.97% from the previous year quarter.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?